China commerce minister says U.S.’s unilateralism, protectionism will hurt global economy, does no good to any country: RTRS China commerce minister says cooperation between China and …
They are under pressure to make a deal with us. Our markets are surging, theirs are collapsing. We will soon be taking in Billions in Tariffs …
✅ During a phone call with President Donald Trump, WSJ columnist James Freeman noted that the president sounded “still very focused on eliminating trade deficits with America’s trading partners.”
Trump was all over the news yesterday but his comments on the EU were an absolute, dead giveaway tell that he’s not looking for trade deals, but fights.
His initial position on tariffs with the EU was clear back in late July — he wanted them eliminated:
Gold Silver Reports (GSR) – Stocks faltered and bonds rose on Wednesday as US President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the US dollar headed for its sixth straight day of losses. Investors had a lot to digest with the conviction of Trump’s former campaign chairman on eight counts of financial wrongdoing and a guilty plea by his former personal lawyer in separate cases.
✅ President Donald Trump said Tuesday night that the U.S. would slap a 25 percent tariff on cars coming from the European Union.
✅ The president’s statement came hours after The Wall Street Journal reported that Commerce Secretary Wilbur Ross said he had postponed an August timeline to publish a report on auto tariffs.
Gold Silver Reports (GSR) – Amid the daily din of tariffs and retaliatory measures, there is another trade war that is brewing. Almost similar to the one that is being talked about, this one too is the US versus rest of the world. Differently though, at the forefront of this war are the Fabulous 5, the US technology behemoths, which are alleged of not paying adequate taxes in the counties from which they earn their revenues.